| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.3B | -1.8% | 10.5% |
| Op. Income | -$25M | $183M | $76M | -113.4% | -132.5% |
| Gross Margin | 36.9% | 40.9% | 36.6% | -4.0pp | 0.3pp |
| Net Margin | -2.2% | 5.7% | 2.3% | -7.9pp | -4.5pp |
| EPS (Diluted) | $-0.96 | $2.21 | $0.76 | -143.4% | -226.3% |
| Free Cash Flow | $430M | $454M | $262M | -5.3% | 64.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $920M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $945M |
| Operating Expenses | $945M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$60M |
| D&A | $27M |
| EBIT | $8M |
| EBITDA | $35M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$55M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $136M |
| Change in Working Capital | $332M |
| OPERATING CASH FLOW | $442M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | -$66M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$169M |
| FREE CASH FLOW | $430M |
| Net Change in Cash | $259M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $12.7B |
| Net Receivables | $11.3B |
| Inventory | $0 |
| Other Current Assets | -$25.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $419M |
| Goodwill | $2.3B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $15.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$20.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $43.8B |
| Account Payables | $3.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.7B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $38.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | $5.9B |
| Treasury Stock | -$5.2B |
| Accum. Other Comp. Income | $405M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $32M |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $43.8B |
| Total Debt | $2.0B |
| Net Debt | $257M |
